Today 21% of [total] annual income goes to 1% of households. ...That cannot be the basis of a good democracy. - John Komlos

The character is formed during the first few years of life, and the corporations have an impact on the way we think... so ... is not realistic, because producers spend an incredible amount of money in order to condition children and youth to drink Coca-Cola, to depend on the iPhone, to go to hamburger joints, to McDonald's... So adult economics, forget it! You've got to start the analysis with children, and that means that tastes are endogenous [determined within the economic system! ...The assumption of exogenous tastes is toxic.]

Friedrich Hayek made a tremendous mistake in arguing that The Road to Serfdom leads through tyrannical governments... because there are multiple roads to serfdom... [A]nother... leads through the tyranny of oligarchs.

I consider my views to be progressive, democratic, and humanitarian. ...[W]e could restructure the economy ...to improve our lives by focusing on increasing our life satisfaction instead of on income growth.